The dollar index (DXY00) on Wednesday fell by -0.39%. The dollar on Wednesday dropped to a 1-1/2 week low on concerns that the ongoing U.S. banking turmoil will prompt the Fed to stop raising interest rates. Also, Wednesday’s U.S. Mar capital goods new orders report was weaker-than-expected and weighed on the dollar.
U.S. Mar capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, fell -0.4% m/m, weaker than expectations of -0.1% m/m.
